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Lipid: Another word for fat. (Please see the various meanings of fat.) A lipid is chemically defined as a substance that is insoluble in water and soluble in alcohol, ether, and chloroform.Lipids are an important component of living cells.Together with carbohydrates and proteins, lipids are the main constituents of plant and animal cells. Cholesterol and triglycerides are lipids. Lipids are easily stored in the body.They serve as a source of fuel and are an important constituent of the structure of cells. Lipids include fatty acids, neutral fats, waxes and steroids (like cortisone).ogether with carbohydrates and proteins, lipids are the main constituents of plant and animal cells. Cholesterol and triglycerides are lipids. Lipids are easily stored in the body. They serve as a source of fuel and are an important constituent of the structure of cells.
LIPIDS 101. â¢ Definition: A lipid is an organic molecule of biological origin that is insoluble in water and. soluble in non-polar solvents. â¢ Properties: Lipids are hydrophobic (water fearing) also considered lipophilic (fat loving) due to their large non-polar regions. â¢ Categories: There are eight categories of lipids, but we are only responsible for the following seven categories in the Chemistry 14C course: 1. Fatty acid: Definition: carboxylic acid with long un-branched hydrocarbon chain Fatty acids have an even number of carbons (usually between 12 and 20 are most common) Two types: