The "either" is likely a typo. An axiom schema is a rule for constructing an infinite number of axioms, all of which must have a given form. Not "finitely axiomatizable" means exactly what it sounds like. The set of consequences of the theory are not provable from a finite set of axioms. So here what it is saying is that it needs at least one axiom that is actually an infinite set of axioms. Sometimes the definition of "finitely axiomatizable" is actually taken to be a theory that can be axiomatized without the use of an axiom schema.