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Definition of parsimony noun from the Oxford Advanced Learner's Dictionary

parsimony

noun
 
/ˈpɑːsɪməni/
 
/ˈpɑːrsɪməʊni/
[uncountable] (formal)
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  1. the fact of being extremely unwilling to spend money synonym meanness
    Word Originlate Middle English: from Latin parsimonia, parcimonia, from parcere ‘be sparing’.
See parsimony in the Oxford Advanced American Dictionary
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