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Blackjack Terminology

STAND
The player sticks with whatever cards he currently holds.

HIT
The player takes an additional card.

DOUBLE-DOWN
The player doubles his initial bet and receives one � and only one � more card. Players can only Double-Down on their initial 2-card hand.

SPLIT
If the player is dealt cards of equal value, he may split them into two separate hands. Splitting requires the player to match his current wager for the second hand. When a player splits Aces he is only dealt one more card to each hand. Split Aces resulting in a Blackjack only pay 1 to 1. Each hand can win or lose independent of the others.

SURRENDER
Surrender is a rule that allows a player to give up half of his initial bet instead of playing out his hand. Players can only Surrender on their initial 2-card hand.

Source: WorkTheOdds 
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Gambling Articles: Blackjack Terminology