Lipase that can hydrolyze p-nitrophenyl butyrate and p-nitrophenyl palmitate in vitro (PubMed:23430565). Possesses low activity against p-nitrophenyl acetate (PubMed:23430565). Substrate preference is p-nitrophenyl palmitate > p-nitrophenyl butyrate >> p-nitrophenyl acetate (PubMed:23430565). Lacks cholinesterase activity (PubMed:23430565). H2O + hexadecanoate ester = an aliphatic alcohol + H(+) + hexadecanoate a butanoate ester + H2O = an aliphatic alcohol + butanoate + H(+) Lipase activity is inhibited by phenylmethylsulfonyl fluoride (PMSF), but not neostigmine bromide (NB). Belongs to the 'GDSL' lipolytic enzyme family.