What is "exit pupil"

In optics, the exit pupil is a virtual aperture in an optical system. Only rays which pass through this virtual aperture can exit the system. The exit pupil is the image of the aperture stop in the optics that follow it. In a telescope or compound microscope, this image is the image of the objective element(s) as produced by the eyepiece. The size and shape of this disc is crucial to the instrument's performance, because the observer's eye can see light only if it passes through this tiny aperture. The term exit pupil is also sometimes used to refer to the diameter of the virtual aperture. Older literature on optics sometimes refers to the exit pupil as the Ramsden disc, named after English instrument-maker Jesse Ramsden.