Definition: penny-pinching

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Source: WordNet (r) 1.7 

penny-pinching
     adj : 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]
     n : extreme care in spending money; reluctance to spend money
         unnecessarily [syn: parsimony, parsimoniousness, thrift]