diff --git a/jerry-core/parser/js/opcodes-dumper.cpp b/jerry-core/parser/js/opcodes-dumper.cpp
index b6cef8dda..2308247e0 100644
--- a/jerry-core/parser/js/opcodes-dumper.cpp
+++ b/jerry-core/parser/js/opcodes-dumper.cpp
@@ -325,8 +325,6 @@ dumper_try_replace_identifier_name_with_reg (scopes_tree tree, /**< a function s
 #define VM_OP_3(opcode_name, opcode_name_uppercase, arg1, arg1_type, arg2, arg2_type, arg3, arg3_type) \
     if (opcode == VM_OP_ ## opcode_name_uppercase) \
     { \
-      JERRY_STATIC_ASSERT (((arg1_type) & VM_OP_ARG_TYPE_TYPE_OF_NEXT) == 0); \
-      \
       /*
        * See also:
        *          The loop below
@@ -334,6 +332,8 @@ dumper_try_replace_identifier_name_with_reg (scopes_tree tree, /**< a function s
       \
       JERRY_ASSERT ((opcode == VM_OP_ASSIGNMENT && (arg2_type) == VM_OP_ARG_TYPE_TYPE_OF_NEXT) \
                     || (opcode != VM_OP_ASSIGNMENT && ((arg2_type) & VM_OP_ARG_TYPE_TYPE_OF_NEXT) == 0)); \
+      JERRY_ASSERT ((opcode == VM_OP_META && ((arg1_type) & VM_OP_ARG_TYPE_TYPE_OF_NEXT) != 0) \
+                    || (opcode != VM_OP_META && ((arg1_type) & VM_OP_ARG_TYPE_TYPE_OF_NEXT) == 0)); \
       JERRY_STATIC_ASSERT (((arg3_type) & VM_OP_ARG_TYPE_TYPE_OF_NEXT) == 0); \
       args_num = 3; \
     }
@@ -343,7 +343,8 @@ dumper_try_replace_identifier_name_with_reg (scopes_tree tree, /**< a function s
     for (int arg_index = 0; arg_index < args_num; arg_index++)
     {
       /*
-       * This is the only opcode with statically unspecified argument type (checked by assertions above)
+       * 'assignment' and 'meta' are the only opcodes with statically unspecified argument type
+       * (checked by assertions above)
        */
       if (opcode == VM_OP_ASSIGNMENT
           && arg_index == 1
@@ -352,6 +353,15 @@ dumper_try_replace_identifier_name_with_reg (scopes_tree tree, /**< a function s
         break;
       }
 
+      if (opcode == VM_OP_META
+          && (om.op.data.meta.type == OPCODE_META_TYPE_VARG_PROP_DATA
+              || om.op.data.meta.type == OPCODE_META_TYPE_VARG_PROP_GETTER
+              || om.op.data.meta.type == OPCODE_META_TYPE_VARG_PROP_SETTER)
+          && arg_index == 1)
+      {
+        continue;
+      }
+
       if (om.lit_id[arg_index].packed_value == lit_cp.packed_value)
       {
         om.lit_id[arg_index] = NOT_A_LITERAL;
diff --git a/jerry-core/vm/vm-opcodes.inc.h b/jerry-core/vm/vm-opcodes.inc.h
index e1fe4f9da..149eb4e3d 100644
--- a/jerry-core/vm/vm-opcodes.inc.h
+++ b/jerry-core/vm/vm-opcodes.inc.h
@@ -298,7 +298,8 @@ VM_OP_3 (reg_var_decl,          REG_VAR_DECL,
          arg_regs_num,          VM_OP_ARG_TYPE_INTEGER_CONST)
 
 VM_OP_3 (meta,                  META,
-         type,                  VM_OP_ARG_TYPE_INTEGER_CONST,
+         type,                  VM_OP_ARG_TYPE_INTEGER_CONST |
+                                VM_OP_ARG_TYPE_TYPE_OF_NEXT,
          data_1,                VM_OP_ARG_TYPE_INTEGER_CONST |
                                 VM_OP_ARG_TYPE_STRING |
                                 VM_OP_ARG_TYPE_VARIABLE,
diff --git a/tests/jerry/regression-test-issue-703.js b/tests/jerry/regression-test-issue-703.js
new file mode 100644
index 000000000..db474383d
--- /dev/null
+++ b/tests/jerry/regression-test-issue-703.js
@@ -0,0 +1,26 @@
+// Copyright 2015 Samsung Electronics Co., Ltd.
+// Copyright 2015 University of Szeged.
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//     http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+function f(a, b) {
+  return {
+    a: a,
+    b: b
+  };
+}
+
+var o = f('1', '2');
+
+assert(o.a == '1');
+assert(o.b == '2');