https://doi.org/10.1351/goldbook.M03891
Substance concentration of substrate at which the rate of reaction is equal to one half of the limiting rate (maximum rate).
Notes:
  1. Also called the Michaelis concentration
  2. The Michaelis constant (Michaelis concentration) may be used only when Michaelis–Menten kinetics is obeyed.
Source:
PAC, 1996, 68, 957. (Glossary of terms in quantities and units in Clinical Chemistry (IUPAC-IFCC Recommendations 1996)) on page 981 [Terms] [Paper]