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In IP-based computer networks, virtual routing and forwarding (VRF) is a technology that allows multiple instances of a routing table to co-exist within the same router at the same time. One or more logical or physical interfaces may have a VRF and these VRFs do not share routes therefore the packets are only forwarded between interfaces on the same VRF. VRFs are the TCP/IP layer 3 equivalent of a VLAN. Because the routing instances are independent, the same or overlapping IP addresses can be used without conflicting with each other. Network functionality is improved because network paths can be segmented without requiring multiple routers.

https://en.wikipedia.org/wiki/Virtual_Switching_Instance

Virtual Switching

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