Display all taxonomy terms, add class if term applies to current post

I have a custom taxonomy for a custom post type. I need all available terms (and their descriptions) to display on a single post from this post type, regardless of if each term is applied to it. Basically if a post has the term it will be bold and if it doesn’t have the term it will be greyed out but visible. I was able to get it to work with conditional statements for each term, but I want the client to be able to add or remove terms in the future without my having to update the template each time.