$x^2 ("d"^2y)/("d"x^2) - [1 + (("d"y)/("d"x))^2]^(1/2)$
On squaring both sides, we get
$x^4(("d"^2y)/("d"x^2))^2 = [1 + (("d"y)/("d"x))^2]$
$x^4(("d"^2y)/("d"x^2))^2 = 1 + (("d"y)/("d"x))^2$
In this equation
The highest order derivative is $("d"^2y)/("d"x^2)$ and its power is 2.
Its order = 2 and degree = 2