English
lip balm
From lip + balm.
Proto-Indo-European *leb- ‘to hang loosely, droop, sag’
Proto-Germanic *lepô
Proto-West Germanic *lippjō
Old English lippa
Middle English lippe
English lip
Ancient Greek βάλσαμον ‘Arabian balsam tree’
Latin balsamum ‘balsam’
Old French basme
Middle French baume
Middle English bawme ‘the aromatic resin of trees of the genus…’
English balm
Today it means
noun A substance topically applied to the lips of the mouth to relieve chapped or dry lips, angular cheilitis or stomatitis, and cold sores.
Language periods are conventional ranges, not dates for this word.
Etymograph / lip balm