How to display taxonomy term reference field as a rendered entity?
The function taxonomy_term_view is for displaying a taxonomy term as a rendered entity. If not specified explicitly with an extra parameter, it uses the view mode full, which displays all fields, one after the other. But you can adapt that in the admin backend, and also define other view modes. So in your case, the code would be like:

$term = taxonomy_term_load($entity-&gt;field_term_reference);
$term_view = taxonomy_term_view($term);


This generates a Drupal render array. In case you want to use this in a theme context, add one more line:

drupal_render($term_view);