parsimony

P`ARSIMONY, n. [L. parsimonia, from parcus, saving,literally close; Eng. park.] Closeness or sparingness in the use or expenditure of money; sometimes used perhaps in a good sense, implying due or justifiable caution in expenditure, in which sense it differs little from frugality and economy. More generally, it denotes an excessive caution or closeness; in which case, it is allied to covetousness, but it implies less meanness than niggardliness. It generally implies some want of honorable liberality.