NM and NM (minus) = looks as close to perfect with no obvious signs of wear and or age. Possible flaws not noticeable with the naked eye. Vinyl essentially has no visual issues.
EX and EX (minus) = possible minor superficial surface scuffs which are only slightly visible. Possible scratches are minor and superficial. Will not distract significantly from the sound. Cover also has only slight wear, and is still in nice collectible condition. Possible flaws not easily noticeable with the naked eye.
VG+ = vinyl still has a great luster, record shows some wear, possible surface scuffs. Flaws will be noticeable to the naked eye. Jacket cover has signs of wear and possible writing. The artwork looks clean with slightly more aging. Possible yellowing with age.
VG = overall wear, possible surface scuffs and more noticeable scratches. Cover may have rips and tears, usually with label ring wear.
VG (minus) = heavy wear on record and cover. Obvious surface scuffs and deeper scratches that may affect playability. Cover has rips and tears. May have scotch taped seams.
P = Poor or Rough condition. Can still be used for framing but playability not likely.