A polynomial has a finite number of terms, a series has infinitely many terms (except possibly if all but finitely many terms are 0). The Taylor polynomials are the partial sums of the Taylors series.
The Taylor series for ex about x=0 is 1 + x + x2/2! + x3/3! + x4/4! + ... that is, it has infinitely many terms.
The Taylor polynomial of degree 2 for ex about x=0 is 1 + x + x2/2!, so it is a polynomial of degree 2,
the Taylor polynomial of degree 3 for ex about x=0 is 1 + x + x2/2! + x3/3!, a polynomial of degree 3, etc.
The higher the degree of the Taylor polynomial, the better it approximates the function at x, if the Taylor series converges to the function at x.