Liquid-vapour equilibrium:
i. Consider reversible physical process of evaporation of liquid water into water vapour in a closed vessel. Initially, there is practically no water vapour in the vessel.
ii. When the liquid evaporates in the closed container, the liquid molecules escape from the liquid surface into vapour phase building up vapour pressure. They also condense back into liquid state because the container is closed.
iii. In the beginning the rate of evaporation is high and the rate of condensation is low. But with time, as more and more vapour is formed, the rate of evaporation goes down and the rate of condensation increases. Eventually the two rates become equal. This gives rise to a constant vapour pressure. This state is known as an ‘equilibrium state’.
In this state, the rate of evaporation is equal to the rate of condensation. It may be represented as: H2O(l) ⇌ H2O(Vapour)
iv. At equilibrium, the pressure exerted by the gaseous water molecules at a given temperature remains constant, known as the equilibrium vapour pressure of water (or saturated vapour pressure of water or aqueous tension). The saturated vapour pressure increases with increase of temperature.

[Note: The saturated vapour pressure of water at 100 °C is 1 atm (1.013 bar). Hence, water boils at 100 °C when pressure is 1 atm.]