linux - adding keyboard shortcuts for OSX terminal or xterm

Is there a way to add a keyboard shortcut for a terminal command in OSX. Basically most of the times i open the terminal app in MAC in order to ssh into a certain server foo. What I want to do is add a keyboard shortcut (say ^k) so that on a terminal when I do that, it runs "ssh foo" in the terminal.

Thanks

PS: I think if there is something for the xterm in linux then it should work for the terminal too. So this might not be an OSX specific question.

PS2: I want the shortcut to do carriage return with the "ssh foo". If its just "ssh foo", then I can write an alias in .bashrc. My goal is to minimize the number of keystrokes I've to do at the end of the day.