balsam
noun
[ ˈbɔːlsəm ]
• an aromatic resinous substance, such as balm, exuded by various trees and shrubs and used as a base for certain fragrances and medical preparations.
• "a mixture of olive oil and balsam"
• a herbaceous plant cultivated for its helmeted pink or purple flowers.
Origin:
Old English, via Latin from Greek balsamon .