Mechanisms rate laws

The mechanism for a reaction is a set of elementary reactions that detail the bond–making and bond–breaking steps leading from reactants and products. 
 
Elementary reactions occur on a single collision between the reacting species.

There is often more than one plausible mechanism (pathway) for a reaction.
 
For example, consider the reaction:
CH3Br + OH
 CH3OH + :Br

single step mechanism
CH3Br + OH   CH3OH + Br
(simultaneous C–Br bond breaking
and C–O bond formation)
two step mechanism 
step 1: CH3Br +CH3 + Br
(C–Br bond breaks - slow)
step 2: H3C+ + OH CH3–OH
(C–O bond forms -fast)


Multistep mechanisms involve intermediates like +CH3.  These are formed in one step of the mechanism and consumed in a subsequent step.
 
Intermediates, like catalysts, do not appear in the overall equation for the reaction. Catalysts are different to intermediates in that they are a reactant in one step and a product in a subsequent step.

Note that the multistep mechanism not only shows the bond-breaking and bond-making, it also predicts the relative rates of the steps.  The slower step is referred to as the rate-determining step because this step limits the rate of the overall reaction.