A noncompetitive inhibitor is a substance that binds to an enzyme at a site other than the active site, reducing the enzyme's activity regardless of the presence of substrate. This type of inhibition affects the maximum rate of reaction (Vmax) but does not alter the enzyme's affinity for the substrate (Km). Noncompetitive inhibitors can bind to either the enzyme alone or the enzyme-substrate complex, leading to a decrease in the overall catalytic efficiency without affecting how well the enzyme binds to its substrate.