Overall mass transfer efficiency is a measure of how effectively a substance is transferred between phases in a process, typically expressed as a ratio of the actual mass transfer to the maximum possible mass transfer. This term is crucial for understanding processes like absorption and stripping, where the goal is to either absorb a substance from a gas into a liquid or strip it from a liquid back into a gas. High overall mass transfer efficiency indicates that the process is operating near its optimal capacity, while low efficiency suggests that improvements may be necessary.