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Wiktionary
overpotential

n. (context physics English) The difference between the electric potential of an electrode or cell under the passage of a current and the thermodynamic value of the electrode or cell potential in the absence of electrolysis

Wikipedia
Overpotential

In electrochemistry, overpotential is the potential difference ( voltage) between a half-reaction's thermodynamically determined reduction potential and the potential at which the redox event is experimentally observed. The term is directly related to a cell's voltage efficiency. In an electrolytic cell the existence of overpotential implies the cell requires more energy than thermodynamically expected to drive a reaction. In a galvanic cell the existence of overpotential means less energy is recovered than thermodynamics predicts. In each case the extra/missing energy is lost as heat. The quantity of overpotential is specific to each cell design and varies across cells and operational conditions, even for the same reaction. Overpotential is experimentally determined by measuring the potential at which a given current density (typically small) is achieved.