Crossword Genius

Charlie holds out for funds (7)

Ross

I believe the answer is:

coffers

'funds' is the definition.
(coffers can mean funds or reserves)

'charlie holds out' is the wordplay.
'charlie' becomes 'c' (phonetic alphabet: alpha, bravo, charlie etc.).
'holds out' becomes 'offers' (offer can mean to hold out or present).
'c'+'offers'='COFFERS'

'for' acts as a link.

(Other definitions for coffers that I've seen before include "Financial reserves" , "Treasury boxes" , "Treasure chests" , "Funds, financial resources" , "Treasury box" .)

I've seen this clue in The Times.
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