Probably. It would likely refer to a handgun that fires a .45 caliber ACP, or .45 GAP or an older .45 caliber revolver round.
45 has the larger projectile. Size of the handgun will vary.
200
Either platform can be larger than the other. The 45 has the larger projectile. Caliber is defined as the diameter in fractions of an inch, so .40 caliber is smaller in diameter than .45 caliber. Caliber can also be defined in the metric system, measured in milimeters. The .40 caliber cartridge is equivalent to 10mm in diameter. As noted, the size of a handgun can vary widely within one caliber, so it is perfectly reasonable to have a smaller handgun crafted in a larger caliber.
In most circumstances, no. The bullet is too large to chamber in the handgun.
A .45 caliber Colt revolver- a handgun.
Which .45 handgun are you referring to? The .45 Colt revolver (Peacemaker) goes back to about 1873. The traditional "45 Auto" was adopted by the US Military in 1911, but there were other, earlier .45 caliber automatics. And of course, .45 caliber black powder ball and cap pistols, ball and cap revolvers, etc are MUCH earlier than the Peacemaker. So... which handgun?
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Need to know which model. S & W made a lot of 45's.
Best to ask a gunsmith for help.
If your question is can citizens of the US own a .45 cal handgun, the answer is yes. MOST of the US does not require a permit to own a firearm, and even the areas that DO require permits do not ban the .45. In some countries private citizens may not own a handgun in a military caliber, but the US does not follow that practice.
100-1000 USD