balsam vs oleoresin

balsam and oleoresin both are nouns.

Word	Noun	Adjective	Verb	Adverb
balsam	Yes	No	No	No
oleoresin	Yes	No	No	No

As nouns, oleoresin is a hypernym of balsam; that is, oleoresin is a word with a broader meaning than balsam:

balsam: any of various fragrant oleoresins used in medicines and perfumes
oleoresin: a naturally occurring mixture of a resin and an essential oil; obtained from certain plants

balsam (noun)	oleoresin (noun)
an ointment containing a fragrant resin	a naturally occurring mixture of a resin and an essential oil; obtained from certain plants
any seed plant yielding balsam
any of various fragrant oleoresins used in medicines and perfumes