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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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Also, using graduate students to pursue industrial problems in a university is a cheap way for parsimonious companies to do research.
The ancestral metazoan gene structure gives the most parsimonious derivation of its descendant genes.
And the Australian who has made it his summer residence finds the locals anything but parsimonious.
Instead, the most parsimonious interpretation is that the sellate sclerites were probably imbricated in anterior-posterior rows.
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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