Displaying a custom taxonomy term’s name & description

How can I display a term’s name & description for a custom taxonomy within The Loop (single post page template)?

Currently I can show its name like this:

the_terms( $post->ID , 'director', 'director: ');

but can’t get the description

EDIT
I dont want to use extra php coding like:

$directors = get_the_terms($post->ID ,'director');
foreach($directors as $director){
    $director_name = $director->name;
    $director_desc = $director->description;
}

Have a look at get term(). This return the name and description for a term.

Here is the axamples given in the codex

Gives you term name: e.g. Term Name Example

$name = $term->name;

Gives you term description: e.g. This is my new cool custom term.

$desc = $term->description;