LIPASE Meaning of LIPASE in English [ 'lɪpeɪz , 'lʌɪp- ]■ noun Biochemistry a pancreatic enzyme that promotes the breakdown of fats.OriginC19: from Gk lipos 'fat' + -ase . Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004