Yes, balm is a Scrabble word!
...and is worth 8 points in Scrabble, and 11 points in Words with Friends
balm
Noun
1. Any of various aromatic resinous substances used for healing and soothing
2. Semisolid preparation (usually containing a medicine) applied externally as a remedy or for soothing an irritation
What Scrabble words can I make with the letters in balm?
4 Letter Words
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3 Letter Words
2 Letter Words