IPA: /ˈsɔːspɒt/
KK: /ˈsɔsˌpɑt/
A type of pot used for cooking, which has a lid and handles on both sides.
She used a saucepot to prepare the delicious pasta sauce.
Saucepot is formed from "sauce" (from Old French *sauce*, meaning a liquid condiment) and "pot" (from Old English *pott*, meaning a container or vessel). The word "saucepot" refers to a pot specifically designed for holding or cooking sauces.
Think of a 'liquid condiment' ('sauce') being held in a 'container' ('pot') — that's what a saucepot is for.