Welcome to PF, Doubledouble.
You must be a fellow Canuk, since nobody else would have clue about what your name means.

Essentially, the term 'monochromatic' just means that all photons involved are of the same frequency. (In casual useage, it just means the same colour, but includes a range of very similar colours.)
Coherency means that the monochromatic EM waves are synchronized so that all 'crests' and 'troughs' are aligned.
As a visualization, let's assume that you have a vector-based drawing programme similar to Illustrator or Coral Draw. Draw a sine wave that represents a particular colour such as the red produced by a chromium atom 'lasing' in a ruby crystal. Now hold down 'Shift' & 'Option' at the same time and drag the line down a tad. Click on 'Repeat Transform' a few times, and you'll have a representation of a coherent beam (laser).
To compare that to a source that's merely monochromatic, randomly select any of the resulant clone lines and move them around and rotate some of them at ambiguous angles. The colour will still be the same, based upon the shape of the waves, but the orientation won't be coherent.
I know that this is a half-assed explanation, but I hope that it serves as a base for further understanding.