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veterans can have terminator honours, can they have terminator armour?
If you're asking for Dark Angels, as the thread title suggests, no. Dark Angels can't have Veteran Squads at all.
If you're asking about codex marine armies, your answer is on page 32 of Codex: Space Marine, under the Veteran Squad entry: Character. Only the members that have access to the armory may purchase terminator armor unless their entry specifically states they may upgrade/purchase terminator armor.