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What does parsimonious mean?

Looking for the meaning or definition of the word parsimonious? Here's what it means.

Adjective
  1. Exhibiting parsimony; sparing in the expenditure of money; frugal to excess
  2. Using a minimal number of assumptions, steps, or conjectures.
  3. (sports) Not conceding many goals.
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Examples
This team was apparently built around a defense that was parsimonious to the extreme, and now it's gone a bit leaky.
Generally, following the principle of parsimony, if competing models explain equally well, the more parsimonious model is preferred.
Once upon a parsimonious time, office workers would wake up early and have their brekkie at home.
So much for those who argue that the essential problem was parsimonious Republicans or a weak state.
The most parsimonious explanation for this unphysiological result is a calibration error and wandering baseline.
There is another, parsimonious explanation that escapes many would be subtle minds.

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