Should veteran status be reserved for those who have deployed?

This one has come up a lot in conversations with my peers and Soldiers: Should you be allowed to claim veterans status if you have never deployed?

Personally, I'm an ROTC graduate who chose to go straight into the ARNG in 2011, knowing full well that my chances to deploy would be next to none with the changing op tempo. Realistically, had I been actively searching out a deployment the whole time, I still may not have gotten one. I'm sure there are Soldiers out there who served honorably in a reserve component without deploying, despite their best efforts. So, for example, should a Soldier who completed basic training, had a clean service record, excelled in their peer group, but ultimately served 10 years as a reservist with no deployment and less than 180 days on non-ADT active service be prevented from calling themselves a veteran?

I have my own thoughts, but I'm more interesting in hearing your opinions. For clarification, I'm speaking more towards the legal definition of veterans status - even if the laws were changed here, there would still be an immense difference between a legal veteran and a legal veteran with several deployments, combat experience, decades on active duty, or a combination of all three.