WordPress – How to display taxonomy list without links

<?php
$terms = get_the_terms( get_the_ID(), 'custom_post_type_slug' );
if ( !empty($terms) ) : if ( !is_wp_error($terms) ) :
?>
<?php foreach( $terms as $term ) : ?>
<?php echo $term->name; ?>&emsp;
<?php endforeach; ?>
<?php endif; endif; ?>