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The standard dot product of two vectors $\vec{u},\vec{v} \in \mathbb{R}^n$ is given by:

$ \vec{u}\cdot \vec{v} = \sum_{i=1}^n u_i v_i$

Assuming now that I have $m$ vectors in $\mathbb{R}^n$, does the following product have a name, and does it have any interesting properties:

$P = \sum_{i=1}^n \prod_{j=1}^m v_{j,i}$

In other words, it's the extension to the dot product, which is defined as the sum of element-wise products of all vectors.

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The answer is: it is a multilinear map. So yes it has a name, and yes it has interesting properties. The properties are the subject of study of multi-linear algebra, so are too vast to mention here.