A real image only exists at the plane of focus (not sensor necessarily); otherwise it is just scattered/mixed light. A virtual image is a portion of that scattered/mixed light that will become the real image when focused.
E.g. at every point on the objective element there is some of the light radiated from every point within the scene... there is a complete image in terms of light/information, but it is not a real image at that point; it is a virtual image.
I.e. an objective element can be any diameter w/o restricting the focal length. And a faster lens is faster because it is stacking more images (light from additional objective element area). But at any other point beside the plane of focus they are virtual images.
View attachment 492069
That's how a split prism works as well... the prism has 1/2 that looks left and 1/2 that looks right as the image is being formed (or up/down).
Edit: I probably should have drawn the objective element much larger.