Condition:
New/Sealed - New item still in factory shrink-wrap/seal
Like New - No obvious cosmetic issues. Looks like it was removed from shrink-wrap.
Very Good - Potentially some minor cosmetic issues (i.e. a few marks on disc/case/cart, slight ding on label or box, etc)
Good - Good working condition with normal wear. Expect some scuffs on disc that do not affect gameplay or various dings and nicks on cart, box, etc.
Acceptable - Heavily worn with many cosmetic issues, but in fine working condition.