Best way to display list of custom taxonomy terms for current post?

I'm looking to format a list of the custom taxonomy terms used on a given post. Specifically, I want to format each term as a list item:

<li class="foo">TERM</li>

I don't want the terms to link to an archive page, however. The terms should simply be text.

It appears that the embed code automatically formats terms as links. Is there away to get CustomPress to do what I want?