👉 The term "Elaeodendron" refers to a type of tree that is commonly known as the goldenrod, which belongs to the family Arecaceae. This genus contains around 15 species of flowering plants, including the goldenrod and other related species. The name "Elaeodendron" was first used by botanists in the early 20th century and is now widely recognized as a common name for this type of tree.