A restoration colony were land grants given by King Charles II of England in the latter half of the 17th century, ostensibly as a reward to his supporters. the grants were for colonies in North America. The two major restoration colonies were the Province of Pennsylvania and the Province of Carolina.
Lecture notes regarding restoration colonies and early colonial history (http://64.233.161.104/search?q=cache:Hre5sbS_86gJ:www.arches.uga.edu/~jwjones/us1h/us1lect/notes/rr.html+%22restoration+colony%22&hl=en) (cached copy from Google)