Lipids are defined as water-
Free Fatty Acids (Nonesterified Fatty Acids). This simplest type of lipid is most commonly used as a fuel. Fatty acids vary in hydrocarbon chain length, which has important ramifications when they are used as fuels and as components of membrane lipids.
Triacylglycerols. This class of lipid is the storage form of fatty acids.
Phospholipids. These membrane lipids consist of fatty acids attached to a scaffold that also bears a charged phosphoryl group, creating a macromolecule with a polar head and nonpolar tail.
Glycolipids. These lipids are bound to carbohydrates and are important membrane constituents.
Steroids. These lipids differ from the other classes in that they are polycyclic hydrocarbons. Steroids function as hormones that control a variety of physiological functions. The most common steroid is cholesterol, another vital membrane component.