You also encounter : if you use the alternative syntax for control structures:
Or as already mentioned the ternary operator:
$action = (empty($_POST['action'])) ? 'default' : $_POST['action'];
(Examples taken from the documentation)
Edit: Somehow I didn't see that the alternative syntax was already mentioned, must be too tired ;) Anyway, I will leave it as it is, as I think an actual example and a link to the documentation is more helpful than just plain text.