Parts (vitual components)
A part is a basic building block of a project that may represent one or more physical elements, or a function, a simulation model, or a text description for use by another application. A part’s behavior is described by a SPICE model, an attached schematic folder, HDL statements, or other means.
Parts usually correspond to physical electronic components (resistors, capacitors, transistors, gates, more complex integrated circuits, etc.) that come in packages of one or more parts. Usually, parts used in Schematic Capture environments can be named virtual components.
You can think of these packages as physical parts and the parts you place on a schematic page as virtual (logical) parts. Physical parts with more than one logical part are sometimes referred to as “multiple-part packages.” For simplicity, Capture usually refers to both as parts.