Record = is as good as new and clear. May have some minor paper scuffs or tiny hairlines.   

Cover = as new with maybe the slightest signs of wear on corners, edges, spine or surface.

EX : Excellent.

Record =  Still very clear with few hairlines and some small scuffs.

Cover = there is a bit wear on corners, edges and surface.

VG+ : Very Good+.               

Record =  clear but you can see some hairlines and/or some small scuffs across the surface.   

Cover = is still looking good but there is some wear,  on corners & edges,slight creasing. There are split in the seams, a bit ring-wear and a small green tag on the front-side. without any major defects, is acceptable.

VG : Very Good.

Record = There are lines, scuffs and/or swipes across the surface. 

Cover = there is real wear on corners, edges and spine. There are splits in the seams, serious ring-wear or surface-wear, small mark from a price sticker.

G : Good.

Record = when I put a record on Ebay with this grade then it well be a very rare one. In that case I will describe the imperfections on this record in detail.

Cover = this cover has been mended to keep it from falling apart. Look at the photo to have a better idea of the condition.