One katal refers to an amount of enzyme that gives a catalysed rate of conversion of one mole per second. Because this is such a large unit for most enzymatic reactions, the nanokatal (nkat) is used in practice.
The katal is not used to express the rate of a reaction; that is expressed in units of concentration per second, as moles per liter per second. Rather, the katal is used to express catalytic activity, which is a property of the catalyst.