Top: The formation of a virtual image using a diverging lens. Bottom: The formation of a virtual image using a convex mirror. In both diagrams, f is the focal point, O is the object and I is the image, shown in grey ... Source Wikipedia
A real image occurs where rays converge, whereas a virtual image occurs where rays only appear to diverge. Source Wikipedia
In ray diagrams ... real rays of light are always represented by full, solid lines; perceived or extrapolated rays of light are represented by dashed lines. Source Wikipedia
A real image ... is an image which is located in the plane of convergence for the light rays that originate from a given object. Source Wikipedia
A converging lens (one that is thicker in the middle than at the edges) or a concave mirror is also capable of producing a virtual image if the object is within the focal length. Such an image will be magnified. Source Wikipedia
A diverging lens (one that is thicker at the edges than the middle) or a convex mirror forms a virtual image. Such an image is reduced in size when compared to the original object. Source Wikipedia
Because the rays never really converge, a virtual image cannot be projected onto a screen. In contrast, a real image can be projected on the screen as it is formed by rays that converge on a real location. Source Wikipedia
In diagrams of optical systems, virtual rays are conventionally represented by dotted lines. Source Wikipedia
a virtual image is found by tracing real rays that emerge from an optical device (lens, mirror, or some combination) backward to perceived or apparent origins of ray divergences. Source Wikipedia
A real image is the collection of focus points actually made by converging rays, while a virtual image is the collection of focus points made by extensions of diverging rays. Source Wikipedia