SG Heritage Dictionary

Parsimony [Noun] Webster's Dictionary 1828

1. 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.

2. The ways to enrich are many; parsimony is one of the best, and yet is not innocent, for it withholdeth men from works of liberality.

Parsimony [Noun] Webster's Dictionary 1913

Closeness or sparingness in the expenditure of money; -- generally in a bad sense; excessive frugality; niggardliness.