What does "virtually" suggest in a statement?

The term "virtually" is often used to indicate that something is almost, nearly, or effectively true, although it may not be entirely so. When a statement includes "virtually," it conveys a sense of near completeness or essence, without suggesting that it is absolute. In this context, the word "essentially" captures this meaning, as it implies that while something may not be completely or entirely the case, it is largely or fundamentally accurate. Thus, the option that aligns closely with the meaning of "virtually" is the one that refers to it as being "essentially" equivalent or for the most part true.