Something that behaves like something else but is not really that thing
Detail
We've all heard of virtual reality - it appears (or tries to appear) real but is not, but it does have many of the characteristics of real
So what does that mean for us?
Well let's take a real(!) example
Virtual Storage - Storage allows organizations to inject gas at one point in time and withdraw it later
An organization (the seller) may sell another organization (the buyer) virtual storage
the buyer of the product sells gas at no cost to the seller
at some point later in time the buyer of the product requests the seller of the product to sell the gas back at no cost
the seller tracks the level of virtual gas, and tracks this against the virtual capacity of the storage product sold
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