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Fats and Oils Sometimes it is important to distinguish between fats and oils, or more completely, animal fats and vegetable oils. The distinction between these rests on what kinds of fatty acids went into the formation of that fat.
Even though lipids is the correct scientific term for describing both fats and cholesterol, it's fairly common for people to say fats when they actually mean lipids.. So from this perspective, we think it would be fine to say that cholesterol is a type of fat. Cholesterol is a very unique type of fat, however.n a practical, dietary sense, there is one very basic difference between cholesterol and other fats. Most of the time when we talk about fat in food, we are talking about fairly large amounts of food parts that contain large amounts of calories.