Is a digestive enzyme that hydrolyzes lipids, is an important catalyst for lipid hydrolysis, and emulsifies fat, keeping tiny fat droplets suspended in the aqueous contents of the gut?

The digestive enzyme that hydrolyzes lipids, acts as catalyst for the hydrolysis of lipid, aids emulsification of fat, and keeps tiny fat droplets suspended in the aqueous content of the gut is LIPASE. This enzyme is a subclass of esterases that breakdown fats to fatty acids and glycerol and other alcohols. 

True. the more you know, the better of you will be.