Maybe I can put this in layman's terms:
You have degenerative disc at L4-5; Facet hypertrophy from L3/4-L5-S1 along with Ligamentum Flavum prominence at L3-4 & L4-5. What this means is the facets (bony wing-like protrusions in the back) are overgrowing on L3-4 thru L5-S1. The ligamentum Flavum is a large ligament often involved in stenosis, which runs as a continuous band from the lamina to lamina in the spine. The lamina is part of the vertebra at the back part of the vertebral arch that forms the roof of the canal thru which the spinal cord and nerve roots pass. What they mean by prominence is confusing. I suspect that it is swollen.
2. L3-4 A disc bulge, touching the neural foramina. This is the "hole" that the nerves pass thru to the spinal cord. You also have stenosis, which is narrowing of the spinal canal.
3. L4-5 You have a disc bulge and? herniations???? which could affect the nerve roots of L4. That could hurt! Spinal stenosis and severe neural foraminal narrowing. This isn't very good.
4. L5-S1 disc bulge slightly touching the neural foramina
5. Bone spurs at L4-5
It sounds like you also have sciatica, if the pain is going into the hip and down into the leg. I've had this for 24 years, due to the surgeon lettiing it go on for too long. Now i'm stuck with it for the rest of my life. Goody. LOL. It's SUPER painful, and I'm really sick of taking opiates.

I hope yours goes away soon. I also hope you don't need surgery, because most of the time you're worse off than before surgery. Try EVERY conservative methods first, UNLESS your spinal CORD is being compromised.
Best of luck and God bless. hugs, Lee