balm of Gilead noun3 •A rare perfume produced in Gilead and used medicinally, mentioned in the Bible, sometimes thought to have derived from the plant Commiphora gileadensis, and sometimes from a terebinth tree in the genus Pistacia. •(figurative) A remedy believed to cure all disease; a panacea."Never mind the details," he said. "The plain fact's enough, and its Balm of Gilead. There's work for both of us." — 1930 •Any plant of the species Cedronella canariensis, family Lamiaceae, native to Macaronesia.