; or (B) makes an assignment of future income or receivables. (3) Covered credit The term covered credit means credit provided to a covered borrower in an amount that is less than or equal to $2,000,000. (4) Covered debt The term covered debt means any obligation of a covered borrower to pay to another person an amount that is less than or equal to $2,000,000— (A) regardless of whether such obligation is absolute or contingent if the understanding between the parties is that any part of such amount shall be or may be returned; (B) that includes the right of the person providing the money to an equitable remedy for breach of performance if the breach gives rise to a right to payment; and (C) regardless of whether the obligation or right to an equitable remedy described in subparagraph (B) has been reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured, or unsecured. (5) Covered period The term covered period means the period beginning on the date of the enactment of this section and ending 120 days after the end of the incident period for the emergency declared on March 13, 2020, by the President under Section 501 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 4121 et seq.) relating to the Coronavirus Disease 2019 (COVID–19) pandemic.