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English definition of “parsimony”

parsimony

noun [U]
 
 
/ˈpɑːsɪməni/ US   /ˈpɑrsɪməʊni/ formal disapproving
unwillingness to spend money or to give things to people: There is no excuse for such corporate parsimony over staff salaries.
parsimonious adjective
(Definition of parsimony from the Cambridge Business English Dictionary © Cambridge University Press)
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