Drupal 7: Get Taxonomy Name by Id

While working on Drupal, we may need to get taxonomy term name from its id. In Drupal 7, the easiest way would be to call taxonomy_term_load().

taxonomy_term_load() will return taxonomy term object containing all term properties.

Sometimes, we may need more efficient method of getting term name without the heaviness of other properties of that term. And there is no such function in Drupal 7.