Etymology
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lipid (n.)

"organic substance of the fat group," 1925, from French lipide, coined 1923 by G. Bertrand from Greek lipos "fat, grease" (see lipo-) + chemical suffix -ide.

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Definitions of lipid

lipid (n.)
an oily organic compound insoluble in water but soluble in organic solvents; essential structural component of living cells (along with proteins and carbohydrates);
Synonyms: lipide / lipoid
From wordnet.princeton.edu