Word of the day

The word for today is…

parsimony (noun) – 1. Unusual or excessive frugality; extreme economy or stinginess.
2. Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham’s razor.

Source : The Free Dictionary

Etymology : Early 15th century, from Latin parsimonia “sparingness, frugality, thrift,” from pars-, past participle stem of parcere “to spare, save, refrain from, use moderately” (which is said to be unrelated to Latin parvus “small,” parum “too little”) + -monia, suffix signifying action, state, or condition.

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