Noun
A genus of leguminous trees of tropical America, the different species of which yield balsamic products, among which are balsam of Peru, and balsam of Tolu. The species were formerly referred to Myrospermum.
Source: Webster's dictionaryThe Cordillera del Bálsamo is named after the Myroxylon balsamum tree, one of two species of Central American and South American trees in the Fabaceae family (Leguminosae). Source: Internet