Balm refers to a soothing and nourishing product used to alleviate dryness, heal, or protect the skin. It is typically a thick and creamy substance that can be applied topically to specific areas, such as lips, cuticles, or rough patches of skin. Balms are often formulated with moisturizing ingredients, such as oils, butter, and waxes, along with beneficial additives like vitamins or herbal extracts.