Charlie holds out for funds (7)
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" .)