Abstract method: When a class contains an abstract method, that class must be declared as abstract. The abstract method has no implementation and thus, classes that derive from that abstract class, must provide an implementation for this abstract method.
Virtual method: A class can have a virtual method. The virtual method has an implementation. When you inherit from a class that has a virtual method, you can override the virtual method and provide additional logic, or replace the logic with your own implementation.
When to use what:
In some cases, you know that certain types should have a specific method, but, you don't know what implementation this method should have.
In such cases, you can create an interface which contains a method with this signature.
However, if you have such a case, but you know that implementors of that interface will also have another common method (for which you can already provide the implementation), you can create an abstract class.
This abstract class then contains the abstract method (which must be overriden), and another method which contains the 'common' logic.
A virtual method should be used if you have a class which can be used directly, but for which you want inheritors to be able to change certain behaviour, although it is not mandatory.