terminology - The verb for carrying out a bitwise OR/AND operation

Shyam is correct
(re the formal technical nomenclature )
AND
(re the (very large) risk of the technical terminology not being understood).

ANDed and ORed may, perhaps, have never been formally defined as valid terms, but are both exceedingly time honoured and well understood by the target community. They can be used with confidence.

ANDed or ORed can be used in present and past tense (and variants thereof)

A Google search for

• "ANDed" boolean
  and


• "ORED" boolean

returns around 250,000 hits in each case.
(Enclosing the search term in quotation marks tends to stop Google substituting words like ANDING for ANDed in the search results.)

Looking at the results 10 pages down (10 per page) shows that every result is directly relevant to the use of ANDed or ORed in this context. This is a very "solid" result and allows confidence in the widespread acceptance of the usage - on searches where the search string is less well related to the results, by the 100th result a significant proportion of answers are often unrelated to the search.

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True - but just for fun.

A ORed with B is equal to NOT A NANDed with NOT B

A ANDed with B is equal to NOT A NORed with NOT B

[The purist might wish for brackets in the above, but the meaning is unambiguious without them.]

from

The negation of a conjunction is the disjunction of the negations.
The negation of a disjunction is the conjunction of the negations.

• De Morgan's Theorems