The word 逢年过节 is formed by combining two verb-object phrases: 逢年, with 逢 meaning "to encounter" and 年 meaning "year", and 过节, with 过 meaning "to celebrate" and 节 meaning "festival". These phrases are joined in parallel, each consisting of a verb followed by its direct object, to create a compound term that collectively refers to occasions during annual celebrations like the New Year and other holidays.