n. An oily, aromatic, resinous substance, exuding spontaneously from trees of the genus Balsamodendron; hence, by extension, any aromatic or odoriferous exudation from trees or shrubs, whether spontaneous or after incision; balm.n. An aromatic preparation used for embalming the dead.n. Any aromatic fragrant ointment, whether for ceremonial or for medicinal use, as for healing wounds or soothing pain.n. Figuratively, any healing or soothing agent or agency.n. In alchemy, a healthful preservative essence, of oily penetrative nature, conceived by Paracelsus to exist in all organic bodies.n. A tree yielding an aromatic, oily resin.n. The Impatiens balsamina, a familiar flowering annual, of Eastern origin, cultivated in many varieties, often called garden-balsam, and in the United States lady's-slipper; also, the native European species, I. Noli-me-tangere, and the American I. fulva. See Impatiens and jewel-weed.n. In medical prescriptions abbreviated to bals.To apply balsam or balm to; anoint with balm or balsam.To embalm.