The Collaborative International Dictionary of English v.0.48:

Cheeseparing \Cheese"par`ing\, n.
   A thin portion of the rind of a cheese. -- a. Scrimping;
   mean; as, cheeseparing economy.
   [1913 Webster]

WordNet (r) 3.0 (2006):

cheeseparing
    adj 1: giving or spending with reluctance; "our cheeseparing
           administration"; "very close (or near) with his money";
           "a penny-pinching miserly old man" [syn: cheeseparing,
           close, near, penny-pinching, skinny]

Moby Thesaurus II by Grady Ward, 1.0:

86 Moby Thesaurus words for "cheeseparing":
   Scotch, canny, careful, chary, cheap, chinchy, chintzy, close,
   closefisted, conserving, cooling, cooling down, cooling off,
   curtailment, cutback, economic, economization, economizing,
   economy, economy of assumption, economy of means, elegance,
   exiguous, forehanded, frugal, frugal to excess, frugality,
   grudging, illiberal, infrequent, labor-saving, law of parsimony,
   low growth rate, meager, mean, miserly, money-saving, niggardly,
   overfrugal, parsimonious, parsimoniousness, parsimony,
   penny-pinching, penny-wise, penny-wise and pound-foolish,
   penurious, piddling, pinching, poor, provident, prudent,
   prudential, rare, reduction of expenses, reduction of spending,
   retrenchment, saving, scamping, scant, scanty, scarce, scattered,
   scraping, scrimping, scrimpy, seldom met with, seldom seen, shabby,
   skimping, skimpy, slim, slowdown, spare, sparing, sparse, spotty,
   sprinkled, stingy, stinting, thin, thrifty, tight, tightfisted,
   time-saving, too frugal, unwasteful