What does the cryptic crossword clue "Tight when crossing river in festive days? (3,4)" mean?

The wordplay uses a container (one word inside another). WYE (synonym="the river Wye") in NEAR (synonym="tight, mean with money") = NEWYEAR The answer is NEWYEAR.

Tight when crossing river in festive days? (3,4)

Independent Cryptic #1675 | 14 Across | 2022-04-03 flower

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