It’s basically single of the year and album of the year.
From Wikipedia:
Record of the Year is awarded for a single or for one track from an album. This award goes to the performing artist, the producer, recording engineer and/or mixer for that song. In this sense, "record" means a particular recorded song, not its composition or an album of songs.
Song of the Year is also awarded for a single or individual track, but the recipient of this award is the songwriter who actually wrote the lyrics and/or melodies to the song. "Song" in this context means the song as composed, not its recording.
Album of the Year is awarded for a whole album, and the award is presented to the artist, songwriter, producer, recording engineer, and mastering engineer for that album. In this context, "album" means a recorded collection of songs (a multi-track LP, CD, or download package), not the individual songs or their compositions.
The verb is pronounced one way and the noun another. Applies to storing audio information as well as to just writing something down to keep a "record" of it.
close, they also have song of the year which is just for the songwriter. So record is the total sum of the recording with engineer and producer (according to the Grammy website).
Sometimes. Saying 'album' is like saying 'movie' or 'TV show.' An album can be like 'The Wall,' that tells a story from beginning to ending, or a recording of one particular concert, or a greatest hits collection.