Rest

See Bank of England rest. A Restrictive indorsement. An indorsement so worded as to restrict the further negotiability of the instrument. The words “For collection” written on a promi ory note render the instrument restrictive. The indorser in such a case may hold: that he is not the owner of the note and did not mean to give title to it or to its proceeds when collected; such an indorsement merely makes the indorsee agent for the indorser in collecting the note. 450