Balm

contracted from Bal'sam, a general name for many oily or
resinous substances which flow or trickle from certain trees or
plants when an incision is made through the bark.

(1.) This word occurs in the Authorized Version (Gen. 37:25;
43:11; Jer. 8:22; 46:11; 51:8; Ezek. 27:17) as the rendering of
the Hebrew word "tsori" or "tseri", which denotes the gum of a
tree growing in Gilead (q.v.), which is very precious. It was
celebrated for its medicinal qualities, and was circulated as an
article of merchandise by Arab and Phoenician merchants. The
shrub so named was highly valued, and was almost peculiar to
Israel. In the time of Josephus it was cultivated in the
neighbourhood of Jericho and the Dead Sea. There is an Arab
tradition that the tree yielding this balm was brought by the
queen of Sheba as a present to Solomon, and that he planted it
in his gardens at Jericho.

(2.) There is another Hebrew word, "basam" or "bosem", from
which our word "balsam," as well as the corresponding Greek
balsamon, is derived. It is rendered "spice" (Cant. 5:1, 13;
6:2; margin of Revised Version, "balsam;" Ex. 35:28; 1 Kings
10:10), and denotes fragrance in general. "Basam" also denotes
the true balsam-plant, a native of South Arabia (Cant. l.c.).