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The triesters of fatty acids with glycerol (1,2,3-trihydroxypropane) compose the class of lipids known as fats and oils. These triglycerides (or triacylglycerols) are found in both plants and animals, and compose one of the major food groups of our diet.
  The term lipid commonly refers to fats, which are known chemically as triglycerides. Triglycerides are organic molecules that contain three different types of elements â¦ : carbon, hydrogen, and oxygen. But technically, lipids are a class of molecules that includes triglycerides, phospholipids, steroids, and waxes.So if you wanted to know what elements are found in lipids as a class, you'd have to allow for phosphorus as well, since phospholipids contain phosphorus in addition to carbon, hydrogen, and oxygen.ut technically, lipids are a class of molecules that includes triglycerides, phospholipids, steroids, and waxes. So if you wanted to know what elements are found in lipids as a class, you'd have to allow for phosphorus as well, since phospholipids contain phosphorus in addition to carbon, hydrogen, and oxygen.