Just like working with polynomials, we can always simplify a polymetric until it becomes a sum of terms. The degree of a term is the number of standard metrics it contains. So,
\[
\begin{align}
3 \mult \hat{\standard}_{x} &: \PolyMetric_{(x, y)}^{1}
\\
4 \mult \hat{\standard}_{y} &: \PolyMetric_{(x, y)}^{1}
\end{align}
\]
are degree one terms, and
\[
\begin{align}
6 \mult \hat{\standard}_{x}^2 &: \PolyMetric_{(x, y)}^{2}
\\
5 \mult \hat{\standard}_{x} \mult \hat{\standard}_{y} &: \PolyMetric_{(x, y)}^{2}
\\
-4 \mult \hat{\standard}_{y}^2 &: \PolyMetric_{(x, y)}^{2}
\end{align}
\]
are degree two terms. Unlike polynomials, we expect a polymetric to be homogeneous to have a degree: each term should have the same degree.