Mechaelis Menton kinetics
Plotting Vi as a function of [S], we find that
At low values of [S], the initial velocity,Vi, rises almost linearly with
increasing [S].
But as [S] increases, the gains in Vi level off (forming a rectangular
hyperbola).
  The asymptote represents the maximum velocity of the reaction,
designated Vmax
 The substrate concentration that produces a Vi that is one-half of
Vmax is designated the Michaelis-Menten  constant, Km(named after
the scientists who developed the study of enzyme kinetics).
Km is (roughly) an inverse measure of the affinity or strength of
binding between the enzyme and its substrate. The lower the Km, the
greater the affinity (so the lower the concentration of substrate needed
to achieve a given rate).