That value of pH in an aqueous phase at which the distribution ratio is unity at equilibrium. 50% of the solute is extracted (\(E = 0.5\)) only when the phase ratio is unity.
Source: PAC, 1993, 65, 2373. (Nomenclature for liquid-liquid distribution (solvent extraction) (IUPAC Recommendations 1993)) on page 2385 [Terms] [Paper]