oh, that's just AP drivers; or at least, that's what i always thought.
brn: it has to have the same basic magnetic properties as the thing inside, i think, else the firing will strip it off. not impossible, but more difficult. the ejection of a booster is done under gravity, which pulls it away; you don't want it blowing off the back of your round using anything that isn't precise, or it'll cause the round to tumble, so that's another design problem, which means expense. at that stage, you're probably better off just mounting an engine on the actual round, like a magnetically-assisted gyrojet. without the weakness of the attachment points, it'll stand up to the stress of firing better.
but i'm not sure you'd gain an awful lot of speed, relative to railgun firing velocities, from it without some serious propellant; and if i'm thinking about it right this'd burn up mass, which would reduce the impact force (possibly by enough to counteract the benefit?).
as for terminal velocity, there IS one, but it's not relevant; a ship can infinitely approach but never reach the speed of light. other than that, you can go as fast as you want if you have fuel to accelerate.
as i understand it, the term technically refers to the maximum speed you can be accelerated to by gravity; even on earth, one can apply extra force to surpass the terminal velocity (a jet could fly downwards faster than terminal velocity, for example). how did you mean it?