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parsimony 

Adoption of the simplest explanation for an observation. Also stinginess or frugality in regards to economics and finance.
Vanguard must spend a lot of money on printing and mailing its statements, because of the extra paper involved. Undoubtedly, that was a tough decision for the company, which is known for its parsimony
parsimony by sug-almighty July 8, 2005
Related Words

of parsimony

The Principle "of parsimony" infers that a phenomena can be explained best with the simplest hypothesis that accounts for all the evidence. Since we can only tell the difference between something that is true and something that is false, by inferring our own observations and using the general rule to make a guess, adding entities to a hypothesis that are not accounted for by evidence results in a hypothesis that is not parsimonious and less believable than prior.

This is referred to and explained in Occam's Razor, which follows the same basic principle.

The word may also be used to infer simplicity, or the state of a hypothesis in which it explains a phenomenon using entities suggested by evidence, and no absolutely more.
"Your hypothesis for insert phenomena, i.e.gravitational effects derived from atomic warp of spacetime was fine until you added entity to it, we have no evidence for that, you're just making stuff up, we observed the electromagnetic fluctuation before in CERN, why do you need to make it more complex, just do the math and see if it works, trust me it seems accurate enough already. Just apply the Principle of parsimony!"
of parsimony by Yared Scott February 1, 2016

Spazimony 

the amount of money paid to the mother of your illegitimate children that you would otherwise spend on drugs and alcohol.
"Hey Darren, where's my spazimony? You haven't spent it all on nangs and crack again, have you?"
Spazimony by boogerzz October 1, 2008

parsimony 

When the parser you are writing keeps producing most obvious error messages or error messages that are obviously wrong. Also spelt pars_mony
I say old chap that parser you wrote has the parsimony property.
parsimony by neer do well July 31, 2023