CODE EXAMPLE FOR PHP

Displaying the category name of a custom post type

<?php
    $terms = wp_get_post_terms( $post->ID, 'PLACE-HERE-YOUR-TAXONOMY');
    foreach ( $terms as $term ) {
       $term_link = get_term_link( $term );
       echo '<a href="' . $term_link . '">' . $term->name . '</a>' . ' ';
       }
  ?>