The time on stream during which the rate constant for the catalytic reaction, k, falls to a specified fraction of its original value, often 0.5.
Source:
PAC, 1976, 46, 71. 'Manual of Symbols and Terminology for Physicochemical Quantities and Units - Appendix II. Definitions, Terminology and Symbols in Colloid and Surface Chemistry. Part II: Heterogeneous Catalysis' on page 83 (https://doi.org/10.1351/pac197646010071)