Source : Webster's Revised Unabridged Dictionary (1913)

Skimp \Skimp\, v. t. [imp. & p. p. {Skimped}; p. pr. & vb. n.
   {Skimping}.] [Cf. {Skinch}, {Scamp}, v. t.]
   1. To slight; to do carelessly; to scamp. [Prov. Eng. &
      Colloq. U.S.]

   2. To make insufficient allowance for; to scant; to scrimp.
      [Prov. Eng. & Colloq. U. S.]

Skimp \Skimp\, v. i.
   To save; to be parsimonious or niggardly. [Prov. Eng. &
   Colloq. U.S.]

Skimp \Skimp\, a.
   Scanty. [Prov. Eng. & Colloq. U.S.]

Source : WordNet®

skimp
     v 1: work hastily or carelessly; deal with inadequately and
          superficially [syn: {scant}]
     2: limit in quality or quantity [syn: {scant}]
     3: subsist on a meager allowance; "scratch and scrimp" [syn: {scrimp},
         {stint}]
     4: supply sparingly and with restricted quantities; "sting with
        the allowance" [syn: {stint}, {scant}]