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shared Ethernet adapter
Last modified: Thursday, October 22, 2009 

A shared Ethernet adapter is a Virtual I/O Server component that bridges a physical Ethernet adapter and Ethernet adapters. When using a Shared Ethernet Adapter, logical partitions on the virtual network can share access to the physical network and communicate with stand-alone servers and logical partitions on other systems. The Shared Ethernet Adapter eliminates the need for each client logical partition to a dedicated physical adapter to connect to the external network. [Source: Adapted from IBM]
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Shared Ethernet Adapters
With Shared Ethernet Adapters on the Virtual I/O Server logical partition, virtual Ethernet adapters on client logical partitions can send and receive outside network traffic.

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What is virtual storage?
z/OS uses both types of physical storage (central and auxiliary) to enable another kind of storage called virtual storage.  

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