The Collaborative International Dictionary of English v.0.48:

Parsimony \Par"si*mo*ny\, n. [L. parsimonia, parcimonia; cf.
   parcere to spare, parsus sparing: cf. F. parcimonie.]
   Closeness or sparingness in the expenditure of money; --
   generally in a bad sense; excessive frugality; niggardliness.
   --Bacon.
   [1913 Webster]

         Awful parsimony presided generally at the table.
                                                  --Thackeray.
   [1913 Webster]

   Syn: Economy; frugality; illiberality; covetousness;
        closeness; stinginess. See Economy.
        [1913 Webster]

WordNet (r) 3.0 (2006):

parsimony
    n 1: extreme care in spending money; reluctance to spend money
         unnecessarily [syn: parsimony, parsimoniousness,
         thrift, penny-pinching]
    2: extreme stinginess [syn: meanness, minginess,
       niggardliness, niggardness, parsimony,
       parsimoniousness, tightness, tightfistedness,
       closeness]