rubber plant

noun
1.
a plant, Ficus elastica, of the mulberry family, having oblong, shining, leathery leaves, growing native as a tall tree in India, the Malay Archipelago, etc., used as a source of rubber and cultivated in Europe and America as an ornamental house plant.
2.
any plant yielding caoutchouc or India rubber.

Origin:
1885–90

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World English Dictionary
rubber plant
 
n
1.  a moraceous plant, Ficus elastica, with glossy leathery leaves: a tall tree in India and Malaya, it is cultivated as a house plant in Europe and America
2.  See also rubber tree any of several tropical trees, the sap of which yields rubber

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Example sentences
During the year, he made substantial improvements to the land on which his rubber plant is located.
The claimant worked as a bead former in a rubber plant.
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