PARSIMONY Meaning and
Definition
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Parsimony is a noun that refers to the quality of being extremely frugal, thrifty, or sparing. It is a characteristic of someone who is wary of spending money unnecessarily or using resources extravagantly. The term can also be used to describe being hesitant to give or share more than is absolutely necessary or to act in an overly cautious or tightfisted manner.
In the context of financial matters, parsimony implies a strong inclination towards saving or economizing. It involves making deliberate choices to limit expenses, prioritize needs over wants, and avoid wastefulness. A person with a penchant for parsimony is likely to scrutinize their expenditures, finding ways to cut unnecessary costs and seeking the best value for their money.
In a broader sense, parsimony can apply to the use of other resources as well. This can include conserving energy, time, or other non-material resources. It suggests an inclination towards efficiency and minimizing waste.
The concept of parsimony extends beyond economic matters and can also be used to describe a person's behavior, decisions, or explanations. It highlights a preference for simplicity, straightforwardness, and providing the minimum necessary to achieve a desired outcome. In this sense, parsimony often goes hand in hand with clarity and conciseness.
Overall, parsimony is associated with prudence, restraint, and making deliberate choices to ensure the most efficient, practical, and sustainable use of resources.
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The being very sparing in the use and expenditure of money; frugality; excessive caution in the expenditure of money; closeness.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for PARSIMONY
Etymology of PARSIMONY
The word "parsimony" originated from the Latin term "parsimonia", which means "frugality" or "thriftiness". It is derived from the Latin word "parcere", which means "to spare" or "to be sparing". The term gradually evolved in meaning to indicate an inclination towards extreme thriftiness or frugality in the usage of resources, money, or time.
Similar spelling words for PARSIMONY
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