VSTi
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What is a VST Instrument?
The VST (Virtual Studio Technology) system was developed by Steinberg to enable a complete studio to be created in software. It allowes third-party developers to produce real-time effect modules (VST or VST FX) or synth engines that are called VST Instruments (VSTi), that could 'plug in' to the host application.
So basically, a VSTi is a realtime software synthesizer.
Nowadays, there is a big quantities of third-party companies that are producing VST instruments plug-ins. Some have a very high sound quality, that can surpass their hardware alternative (Some are not so good). Some are expensive, and some are free.
Good news, vArranger own a VST Host that can load and Play up to 16 VST Instruments.