Finn Edwards has a power called Holdout:
Any Phase: Finn never has to discard items or lose money, even when he is knocked unconscious or driven insane. He must still pay costs as usual.
He also starts with a Bank Loan:
Upkeep: Roll a die. On a 1-3, pay $1 or discard all of your items along with this card. You cannot get another Bank Loan this game.
The player controller Finn thought that he could opt not to pay the Bank Loan's upkeep instead choosing to discard all items and the Bank Loan. With the Holdout power, all he lost was the Bank Loan.
Is this the correct interpretation?