A record in Good condition can be played through without skipping. But it will have significant surface noise, scratches, and visible groove wear. While the record will be playable without skipping, noticeable surface noise and 'ticks' will almost certainly accompany the playback.
Poor (P)
The picture sleeve is water damaged, split on all three seams and heavily marred by wear and writing. The LP cover barely keeps the LP inside it. Inner sleeves are fully split, crinkled, and written upon.