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a group of substances comprising fatty, greasy, oily and waxy compounds that are insoluble in water and soluble in nonpolar solvents, such as hexane, ether and chloroform. Simple lipids are the triglycerides or neutral fats.ny of a group of organic compounds, including the fats, oils, waxes, sterols, and triglycerides, that are insoluble in water but soluble in common organic solvents, are oily to the touch, and together with carbohydrates and proteins constitute the principal structural material of living cells. lipÂ·idâ²ic adj.
Lipids are a diverse group of fat-soluble biological molecules. Here is a look at different types of lipids and where they are found. 1  Triacylglycerols or Triglycerides.2  The largest class of lipids goes by different names: triacylglycerols, triglycerides, glycerolipids, or fats.ipids are a diverse group of fat-soluble biological molecules. Here is a look at different types of lipids and where they are found. 1  Triacylglycerols or Triglycerides.