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What are the types of common XML? And their usage?

Types of common System XML

Library.xml:  If we want to share a single piece of code across multiple applications, we can’t copy paste the same code in all applications. To consolidate the common code we have Library xml
Ex: Suppose if I want to display a dialog in so many applications, you just put the code snippet in library.xml and refer that code snippet ID in all the applications where ever you want.
Menus.xml: Common menus across all the applications
Lookups.xml: With this you can look for a list of values. Like persons, classification etc.